HVAC entrepreneur Marty Rosica joins Michael Pallozzi to discuss his entrepreneurial journey buying and selling his company. Marty’s unlikely story begins in a church volunteering engagement but turns into something bigger than himself. He shares his story of how he suddenly went from being a salesperson to a business owner.
Tune in until the end to learn:
● How taking the advice of your advisors can save you a lot of grief in the future.
● What EVERY business has trouble getting right.
● How to manage new employees when acquiring a company.
[00:58] Who is Marty Rosica?
[04:40] How an opportunity he got while volunteering changed his life. OR How volunteering turned into an opportunity to buy a company.
[06:05] How did the employees respond to having a new owner?
[07:03] Transitioning from salesperson to business owner (and how he tripled the company’s growth.
[09:20] How much money do you need to have before making your business your main source of income?
[10:52] The ultimatum his accountant gave him before he bought the business.
[12:54] Why he decided to sell his business (after a lot of back and forth).
[18:49] The hardest part of running ANY business.
[21:30] Breaking the news to his employees that he has decided to sell the company.
[22:50] His new role in the company.
[24:44] Do you own an HVAC company?
[25:02] Working with a coach to build a business plan.
[27:56] Why you need a team of advisors when selling your business.
[30:55] How does he feel about his decision to sell?
[32:46] What does the future hold for Marty Rosica?
5 Key Highlights
Connect with Marty Rosica: LinkedIn | Hawks and Co.
Connect with Michael Pallozzi: LinkedIn | Get a 401k tip in...